By choosing a fixed rate Finance Lease contract you can hire a truck for a fixed period of time without the burden of a large up front VAT payment. The fixed monthly rentals give peace of mind and can help to improve your cash flow. Subject to credit approval, we can offer a wide range of flexible payment options including structured or seasonal rental schedules and balloon payments. Opting for a final balloon payment can substantially reduce your monthly rentals.
As Lessor, the finance house owns the vehicle and when all rentals have been paid you can extend the use of the vehicle on a year by year basis on payment of a nominal, upfront, annual rental. Alternatively the vehicle can be sold with a major part of the net sale proceeds being refunded to you by way of a rebate of your rentals. Finance lease can also be beneficial from a tax point of view, and you should discuss what is best for your individual circumstances with your accountant.